Introduction Chair Yellen—again, thank you for being here with us today and for your insightful remarks. You took us through a vivid “walk down memory lane” of the financial crisis and the role of distorted incentives in fueling excessive risk taking. I fully agree that important progress on the regulatory […]

Thu Apr 30, 2015/Reuters Nigerian forex reserves fell 1 percent month-on-month to $29.5 billion by April 28, from $29.8 billion a month earlier, the central bank said on Thursday. The reserves of Africa’s biggest economy were down 22.6 percent year-on-year when they stood at $38.14 billion. Nigeria’s central bank has […]

April 29, 2015/huhuonline Given the parlous state of the nation’s economy, the new administration of President Muhammadu Buhari certainly needs to manage things not just better, but very differently, considering the blatant absence of accountability in the management of public funds. But the International Monetary Fund (IMF) has called on […]